When the original Now You See Me became a big enough hit that a sequel was announced, everyone thought the same thing: “They should call it Now You See Me, Now You Don’t.” Unfortunately, that didn’t happen. But the 2016 sequel Now You See Me 2 was a big enough hit that a third installment was greenlit—and now, finally, that title is becoming reality.
Tuesday at CinemaCon 2025, Lionsgate announced that the third Now You See Me, out November 14, is officially called Now You See Me, Now You Don’t. We did it! Plus, the company is so high on the sequel, it also announced a fourth film in the series is now in the works. Ruben Fleischer, director of Zombieland, Uncharted, and Venom, made the third film and will be back for its sequel.
“Directing Now You See Me: Now You Don’t was as much fun as making any movie in my career,” the director said in a press release. “It combines two of my favorite things—heist movies and magic—and working with this incredible cast was truly magical. Of course I want to keep it going.”
In addition to the news, the audience at CinemaCon was shown an extended trailer from the new film that revealed more about its plot, returning characters, and more. Here’s what happened.
It starts with Daniel Atlas (Jesse Eisenberg) doing a magic performance with his fellow Horseman (played by Isla Fisher, Dave Franco, and Woody Harrelson). He gets a volunteer from the audience and says they’re each going to disappear him. One by one, each Horseman basically teleports into the body of the volunteer (played by Holdovers star Dominic Sessa), who then becomes all four of them in one, with a spot-on Eisenberg impression.
Turns out, the volunteer wasn’t a volunteer, but a magician himself; later, he commends himself on his performance to his two fellow magician friends, played by Justice Smith and Ariana Greenblatt. One person disagrees, though: the actual Daniel Atlas. He says a Tarot card reading brought him to this group and he needs their help. They ask why he can’t ask the other Horseman and he says they’re dead. No, actually dead to him. They’ve had a falling out.
Atlas needs this new generation to help him steal a massive heart-shaped diamond from a crime syndicate led by Rosamund Pike. Pike’s character appears to be legitimate but is, in fact, not. So we see Atlas and the crew pull off a trick where he steals the diamond during a museum event which sends everything into chaos. In the action, the original Horsemen pop up out of nowhere and say they’re there to save him.
From there, everyone goes to a large mansion where Morgan Freeman’s character is, and together all eight people begin to hatch a plan. “Eight magicians against a worldwide criminal network? I like our odds,” says Greenblatt.
As a fan of this burgeoning franchise, it looked like Now You See Me, Now You Don’t could deliver all the twists and turns we expect from the franchise. And, now we know, we’ll be seeing more too.
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